The 2014 SSA Fall Conference and Trade Show, hosted annually in Las Vegas, NV, went off without a hitch last week with the biggest turnout in years! The group of nearly 1,800 attendees was abuzz with energy and optimism as the self storage market is poised so well right now. From major REITs to private acquisition groups and small facility owners alike, facilities are performing extraordinary well in this uptick market. The sellers market is also a heavy reflection of how well the industry is performing, as facilities are being acquired at cap rates as low as 4.5% in some parts of the country!
The real question is, how long with this seemingly eternal optimism last? With that thought in mind, now is a good time to reevaluate as an owner what it is you would like out of your facility:
Are you genuinely interested in selling your facilities? Do you want to pass your facilities onto your children? Or do you want to continue to expand your portfolio?
If you are genuinely interested in selling your facility, now is the time, as this is the best sellers market the self storage industry has seen in years!
If you believe you’re going to pass along your facilities to your children, now is a phenomenal time to tighten the bolts on your operations and act on any capital improvements that need to be taken care of while your facility is doing very well.
If expansion is your avenue of choice, lenders are eager to enter the self storage market and interest rates will not stay this low for much longer.
Lindsey Self Storage Group is here to help you pursue any direction in self storage that you would like to take, as we are the one-stop shop for all of your self storage needs in both North and South Carolina alike. Our services include, but are not limited to, acquisition, brokerage, consulting, development, and third party management.
Call John Lindsey today at 919-797-1281 to find out how we can help you!